Is 15205, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 15205 has remained a Seller's Market.
Key Takeaway
15205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 15205, PA
How much do homes in 15205, PA cost?
Median Sold Price
$206,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 15205 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 15205 was $206,000 in March 2024, up 10.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.7K | $129K | +6.9% |
| 2 Bedrooms | $168K | $171.7K | +2.2% |
| 3 Bedrooms | $186K | $212.9K | +14.5% |
| 4 Bedrooms | $247.4K | $240K | -3.0% |
| 5+ Bedrooms | $319.9K | $330K | +3.1% |
Summary: 15205 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 14.5%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 15205, PA
How many homes are available in 15205, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 69 | +15.0% |
Summary: The 15205 real estate market had 69 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 29 | 32 | +10.3% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 15205 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 24 | +118.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 15205, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 15205 in March 2024, up by 118.2% month-over-month. Of the 24 sold homes, 42% were sold under asking, 21% were sold at asking, and 38% were sold over asking.
Days on Market for 15205, PA
How long does it take to sell a home in 15205, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 59 Days | +31.0% |
Summary: Homes in 15205 had an average of 59 days on market in Mar 2024, up by 31% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 15205 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in 15205; 46% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
